Eden Prairie Home Inventory Declining

In Blog on December 9, 2011 by Community Expert Team

Eden Prairie Homes For Sale Declining

The Eden Prairie housing market has been contracting in terms of units available.  Most Realtors in Eden Prairie are finding it difficult to give their clients a wide selection of available “quality” listings to choose from.    This is a far cry from only a year or so ago where inventories were large in all price ranges.

 

High Priced Homes in Eden Prairie still offer plenty of Inventory

While much of the inventory in Eden Prairie in Eden Prairie is decreasing, luxury homes are still at a 1 year plus supply which is allowing for some amazing deals in the luxury end of the market

2012 Should be a strong year

Interest rates are staying low, in fact unbelievably low depending on your credit score.  The buying power first time home buyers have right not is better than anytime in the last 20 years according to most Eden Prairie Realtors we speak with.

Eden Prairie Residents staying put

For some residents of Eden Prairie the desire to move has evaporated with the decline in prices.  Many homeowners we deal with that were thinking of moving have simply decided to stay in their homes for the long hall vs.  bringing a big check to the table.


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